Reuters reported today Celsius is "DEEPLY INSOLVENT"
How did we get here?


Celsius were YOLOing customers' deposits
Celsius use leverage to gamble with customers' deposits and lost
Celsius bought illiquid shid that is hard to sell now without suffering losses
Celsius is being investigated by multiple states in the US
Celsius executives used customers deposits to pump $CEL token
Otter predicts Celsius executives and CEO were paid partially in $CEL tokens
They could then cash out high bonuses at the expense of depositors (95% certain)
Source:
@0xb1 court filings, screenshot from
@DefiMoon π¦π Despite the repeated guarantees, Celsius was operating without regulatory oversight
In short, Celsius,
@Alex Mashinsky and other Celsius directors and representatives LIED
Here's what Department of Financial Regulation had to say about HODL mode
it is an effective freeze of investor account
it did not prevent further declines in value (as opposed to what users were made to think)
Here's what the Department of Financial Regulation has to say about
#CelShortSqueeze
Calling for participation in
#CelShortSqueeze may get you in jail
There's a high chance $CEL tokens go worthless
Just sell it and walk away
#CelsiusNetwork
#celsius2022
@Celsius if you are still receiving rewards
you need to check with your tax accountant if these "rewards"
is a taxable event, despite being non-collectable at the moment
unfortunately, two wrongs don't make a right
be sure to check
(screenshod from
@Simon Dixon (Beware Impersonators))
If you are a USA citizen affected by Celsius, you may file a complaint here
Let's see to it that everyone involved in rekting fellow hoomans see time behind bars
Open message to Celsius Directors & representatives - we are coming for you
https://dfr.vermont.gov/consumers/file-complaintβ¦Lets toast the vigilantes and investigators who called Celsius for the scam that it is before it crashed
These folks deserve a follow, so they can warn us of the next one
@Bitcoin Quotes
@Dirty Bubble Media 2: CeFi Bugaloo
@Mike Alfred
@MrMasternode
@Dragos Stefanescu
@Ray Abu Salim π
@Bitcoin vs. Gold
@jakirik42
Like and retweet the top tweet please
You may have been lucky to escape
But others were not
Some are too ashamed to seek help
Hurting from huge financial losses
You can read the unrolled version of this thread here:
https://typefully.com/otteroooo/xaEOncDβ¦
otter out


last but most important
DO NOT send them more coins
DO NOT send a bankrupt company more coins no matter what they say